CLARIFICATION OF THE TURQUAND RULE WHEN CONTRACTING WITH AN INDIVIDUAL DIRECTOR

Tuesday, August 04, 2015
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In the recent High Court decision of One Stop Financial Services (Pty) Ltd v Neffensaan Ontwikkelings (Pty) Ltd and Another, the Court confirmed the requirements for reliance on the common law Turquand rule as well as the implications of the statutory Turquand rule in respect of individual directors who purport to bind a company.

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